Visa, Inc. (NYSE:V) target has been raised by Argus since the firm believes that the global shift to electronic payments has been raising the company’s volumes. The firm thinks that the company’s FY13 guidance continues to be conservative, and it keeps its Buy rating on the stock.
BGC Partners, Inc. (NASDAQ:BGCP): According to CLSA, BGC Partners’ adjusted operating cash flow will not be able to cover capital expenditures and dividends. The firm keeps its Sell rating but drops the price target to $3.15 from $3.50 on the stock.
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Acacia Research Corporation (NASDAQ:ACTG) weakness is believed by JPMorgan to be in relation to the Wall Street Journal article to be an overreaction, and it’s possibly not even related to Acacia. Shares have an Overweight rating.
Brown-Forman Corporation (NYSE:BFA) has appointed Brian Fitzgerald as the its Chief Accounting Officer, and in this position he will be responsible for overseeing the company’s daily accounting and corporate reporting functions. This appointment will begin on January 1, 2013. Currently, the position is filled by Jane Morreau, who was promoted to Chief Production Officer.